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To complete a 1031 exchange in Huntington, NY, you must work with a qualified intermediary to hold your funds and sign an agreement. At 1031 Nationwide, we can provide the expertise and support you need to ensure a successful exchange.
To participate in a 1031 exchange, you must first sell your existing property, which is known as the “relinquished property.” All deadlines for the exchange process are based on the closing date of the relinquished property, not the contract date.
Once you’ve sold your relinquished property, the next step in a 1031 exchange is to identify potential replacement properties to buy. This is a crucial step in the exchange process, and it must be completed within 45 days of the sale of the relinquished property.
The final step is to purchase the replacement property within 180 days of selling the relinquished property. This six-month window allows you to find and close on a suitable replacement that meets your investment goals and the exchange requirements.
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At 1031 Nationwide, our mission is to help you achieve your investment goals, while minimizing your tax liabilities and simplifying the 1031 exchange process. We understand that navigating a 1031 exchange in Huntington, NY can be complex and time-consuming, but with our expertise and experience, we can guide you every step of the way.
Our team of qualified intermediaries has helped countless investors across the country successfully complete their 1031 exchanges, unlocking new opportunities for growth and financial freedom. We offer personalized guidance and support throughout the entire process, from identifying potential replacement properties to closing the deal.
At 1031 Nationwide, we understand that completing a 1031 exchange can be a complex and daunting process. That’s why we offer a range of services to simplify the exchange process and help…
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At 1031 Nationwide, we are dedicated to helping real estate investors grow their portfolios and achieve their financial goals through 1031 exchanges. We understand that navigating the complexities…
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At 1031 Nationwide, our mission is to help you achieve your investment goals, while minimizing your tax liabilities and simplifying the 1031 exchange process in Huntington, NY. We understand that navigating a 1031 exchange…
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Huntington is a charming town located on Long Island, New York. It officially became a town in 1653 and was later incorporated as a city in 1872. With a rich history spanning over centuries, Huntington offers a blend of historic architecture, cultural attractions, and beautiful landscapes.
The population of Huntington stands at approximately 203,264 residents as of the most recent census. This diverse community boasts a mix of young professionals, families, and retirees, contributing to its vibrant and inclusive atmosphere. The city's population continues to grow steadily, attracting individuals seeking a high quality of life in a picturesque setting.
The real estate market in Huntington is dynamic, offering a range of housing options from historic colonial homes to modern apartments. The median home price in Huntington is $582,000, with prices varying based on location and property type. The city's real estate market is competitive, driven by its desirable location, excellent schools, and proximity to New York City, making it an attractive destination for homebuyers and investors alike.
We have worked with various companies, just a few we have partnered with. You can be assured that your 1031 Exchange will be handled appropriately.
